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I am grateful for YouTube channels like The Minority Mindset and the value they provide. They made me look back at my old bank statements and see the importance of financial knowledge. I wish I had this knowledge when I was first starting out.Read More
"If you plan to fail, you are planning to fail" - Benjamin Franklin. This is a powerful quote which is the basis for today's discussion on goal setting. When most people hear the words goals they tend to associate it to dreams and aspirations. Goals and dreams are not the same at all. A dream is something that you wish for, whereas a goal is written down and has an action plan.
Through my journey in network marketing I always heard about the importance of having a "goal statement". The "goal statement" was a paragraph on where we saw ourselves in a time span of three to five years. You would first write in detail how great everything had turned out and after that you would then describe what made that possible. In my personal opinion, I do not believe that this type of goal setting is fully effective. I prefer having my action plan set up like a chart that has two columns, one labeled 'Goal' and the other column labeled 'Actions to achieve goal'. By doing an action plan in this manner I can pin point what tasks directly affect my progression towards my goal. This in turn makes sure that I am doing the "right" things to achieve my goal (see April 3, 2016's post for "right" things). I am not saying that my way of goal setting is the one and only way to set goals. As long as you have an action plan you are already a head in the game we call Life.
Just having a goal and/or action plan doesn't mean that you are done with goal setting. A big part of goal setting is visualizing your goals, because if you can "see" your goals it makes them more attainable. One thing that I learned in network marketing was to have a "Dream Board", which is filled with pictures of things that the maker wants to achieve. I literally hate the word dream, because dream means wishful thinking. Wishful thinking will not get you towards your goals so I am renaming the "Dream Board" to 'Goal Board'. By creating this board you are able to put as they often say a face to a name. Sounds a bit confusing but let me give you an example... " I want to be a millionaire" this is a statement that most people answer when asked what they want in life. This statement is too broad because it does not specify what they truly want from life. The Goal Board would break down this statement to something such as financial freedom, the ability to take multiple vacations per year or even owning a car collection. Other than breaking down goals to smaller attainable parts it also sets up a deadline for completing the goal.
By setting a deadline for your goal, you create a way to measure progression towards a goal. By measuring your progress you are able to determine if your actions are helping you succeed in obtaining your goal. This grants us the ability to adjust our actions in order to maximize our productivity towards goal attainment. Goal deadlines also create a sense of accountability. If you fail to achieve your goal then you are the only person to blame. Think about deadlines at work, your boss holds you accountable if the deadline is not met so why should it be different here.
I now have a rather simple question to ask. After reading this post, do you have dreams or do you have goals? If you answered goals then I have one more question for you. Have you done goal setting? If you answered no then it is not a goal but rather it is a dream. But do not fret and worry because you now should know how to turn that dream into an attainable goal. If you follow your plan you will be successful.
Thanks for reading,